Singapore’s largest bank, DBS Group, has announced a remarkable 48% surge in its second-quarter profit, beating forecasts and setting a new record.

Nykaa, a major Indian cosmetics-to-fashion retailer, has seen several key executives, including the Chief Marketing Officer, resign amidst heightened competition in the rapidly growing sector. Nykaa’s founder takes direct oversight,

In previous quarters, analysts have expressed concern about PayPal’s underwhelming margins. The company’s low-margin business goods have risen rapidly, but branded product growth has stalled owing to rising competition from

KKR, an equity firm has recently acquired a significant ownership interest, in LEAP, which is India’s top pallet pooling platform. LEAP provides a range of services.

Ambuja Cements has made an acquisition of Sanghi Industries Ltd for Rs 5,000 crore. The acquisition was funded internally. This has allowed Ambuja Cements to secure a controlling stake of 56.74%.

The iPhone manufacturer estimated the entire amount of deposits at around $10 billion in a news release on Wednesday. According to Apple, that money accumulated throughout the roughly 3.5 months that Apple Card customers had the option of opening them.

As to a Bloomberg article that used statistics from the Centre for Monitoring Indian Economy (CMIE) for the month of July, the overall unemployment rate decreased to 7.95% in July from 8.45% in June.

Sources claim that Arm Ltd. a division of SoftBank Group Corp. that specialises in semiconductors, plans to go public as early as September with a valuation of $60 billion to $70 billion, signalling a bright outlook for chips including artificial intelligence.

IBC has formed a partnership, with the Karnataka government committing an investment of Rs 8,000 crore ($971.89 million) towards a battery manufacturing project covering 100 acres of land.

Unstop, a platform based in Delhi has recently received funding of $5 million. The funding round was led by Mynavi, from Japan and Coursera which marks Courseras’s investment in a company.

India’s Ambuja Cements is planning to bolster its cement portfolio by acquiring a majority stake, in Sanghi Industries. This strategic move, spearheaded by billionaire Gautam Adanis’s company signifies their commitment to expanding in the sector. Adani’s cement holdings, which include Ambuja and ACC Ltd currently have a production capacity of, over 65 million tonnes throughout India.

Asia’s factory activity shrank in July, as shown by private surveys, signaling a slowdown in global growth and the impact of China’s weakening economy on the region’s fragile recovery.